[Politics] Russia invades Ukraine (24/02/2022)

[The Clamp]

The best NK soldier would easily be taken out by a determined Ukrainian civilian before breakfast.

They are ceremonial soldiers.

They are trained to march and goose step around a square and fire off a few shots for propaganda videos.

They will be turned into red mist quicker than you can say “short back and sides”.

 

[essbee1]

The best NK soldier would easily be taken out by a determined Ukrainian civilian before breakfast.

They are ceremonial soldiers.

They are trained to march and goose step around a square and fire off a few shots for propaganda videos.

They will be turned into red mist quicker than you can say “short back and sides”.

100% this. And have zero 'in the field' experience. They might do a mean goose step and posture around the place like that fat boy clown who thinks he's created a military power house, but it's a house made of paper.

 

[The Clamp]

Additionally I would be amazed if a large contingent of these NK “soldiers” are not poor wretches dragged from those horrendous death camps and packed off to the front to die.

 

[Eric the meek]

Just to add to that graph, do you see the double top in late July? The exchange rate was 0.0118 Rub to 1 USD. Today, it is 0.01 Rub to 1 USD.

Assuming the currencies that Russia now buys things in have the same disparity with the ruble as the dollar, anything that Russia buys (food, guns or North Korean bodies) will cost them 18% more rubles than less than four months ago.

Annualised, that is an inflation rate of...................er, well, it's not sustainable anyway.

 

[Birdie Boy]

What was the exchange rate pre- war?

 

[Triggaaar]

What was the exchange rate pre- war?

It's now 100 to a dollar, it was about 75. That on it's own doesn't seem like much change, but then you need to take into account the increase in interest rates, and the amount of reserves Russia has spent propping up the currency.

 

[Eric the meek]

It's now 100 to a dollar, it was about 75. That on it's own doesn't seem like much change, but then you need to take into account the increase in interest rates, and the amount of reserves Russia has spent propping up the currency.

I read the other day, that back in October, Russia had given up trying to keep the ruble above one cent. But that came from some Russian bloke....

 

[Anger]

I'm not sure. I'm not an economist either. But one adverse effect of a weak currency, as Joe Blogs explains in post 17,725, is that as your currency declines against other currencies, you are effectively importing inflation, as everything you buy is rising in price as your currency falls.

You're not an economist, @Sirnormangall is not an economist.

Do we have ANY economists on this thread?!?!

 

[Titanic]

It's now 100 to a dollar, it was about 75. That on it's own doesn't seem like much change, but then you need to take into account the increase in interest rates, and the amount of reserves Russia has spent propping up the currency.

Doesn't that make it all the more important to bear down in their oil exports priced in USD ??

 

[seagullwedgee]

I’m an economist. I was head of operational planning and strategy for the uk arm of a large multi-national retail bank.

 

[raymondo]

You're not an economist, @Sirnormangall is not an economist.

Do we have ANY economists on this thread?!?!

We don't have any military strategists either...but that doesn't stop us!!

 

[Triggaaar]

Russia's economy is buggered. Seagullwedgee will now explain how buggered it is:

I’m an economist. I was head of operational planning and strategy for the uk arm of a large multi-national retail bank.

 

[raymondo]

Doesn't that make it all the more important to bear down in their oil exports priced in USD ??

I imagine so... anything that stops them getting dollars etc.

 

[Anger]

I’m an economist. I was head of operational planning and strategy for the uk arm of a large multi-national retail bank.

Right! (rolls up sleeves)... well then Sir/Madam, as an economist what do you have to say about the subject?

 

[Eric the meek]

I’m an economist. I was head of operational planning and strategy for the uk arm of a large multi-national retail bank.

Thank God for that. At last, someone who knows what they're talking about.

Have you got any idea how hard it is, trying to sound authoritative, but writing from a position of complete ignorance?

 

[Anger]

Thank God for that. At last, someone who knows what they're talking about.

Have you got any idea how hard it is, trying to sound authoritative, but writing from a position of complete ignorance?

It's exhausting, isn't it?

 

[Birdie Boy]

It's now 100 to a dollar, it was about 75. That on it's own doesn't seem like much change, but then you need to take into account the increase in interest rates, and the amount of reserves Russia has spent propping up the

It's now 100 to a dollar, it was about 75. That on it's own doesn't seem like much change, but then you need to take into account the increase in interest rates, and the amount of reserves Russia has spent propping up the currency.

OK, no that doesn't sound a lot. So has it always been shit?

 

[Triggaaar]

Yes Birdie, it's always been shit, but it's got 33% worse, and at the same time inflation is rapidly increasing and they're running out of reserves.

Russia aren't making any headway in the war and their economy is collapsing. As long as Ukraine can continue to fight, it's difficult to see how Russia can get out of this mess.